FY2020 EPS Estimates for Associated British Foods plc (OTCMKTS:ASBFY) Increased by Analyst

Associated British Foods plc (OTCMKTS:ASBFY) – Analysts at Jefferies Group boosted their FY2020 EPS estimates for shares of Associated British Foods in a research note issued on Friday, according to Zacks Investment Research. Jefferies Group analyst J. Grzinic now expects that the company will post earnings per share of $2.25 for the year, up from their previous estimate of $2.21.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Associated British Foods from a “buy” rating to a “sell” rating in a research note on Tuesday, December 19th. Morgan Stanley lowered shares of Associated British Foods from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, November 28th. Barclays upgraded shares of Associated British Foods from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 16th. Finally, Goldman Sachs Group lowered shares of Associated British Foods from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 7th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $43.00.

Associated British Foods (OTCMKTS:ASBFY) opened at $39.48 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.98 and a current ratio of 1.65. Associated British Foods has a 12-month low of $30.01 and a 12-month high of $45.22.

The company also recently declared a None dividend, which was paid on Monday, January 29th. Shareholders of record on Friday, December 15th were paid a $0.352 dividend. The ex-dividend date of this dividend was Thursday, December 14th.

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Associated British Foods Company Profile

Associated British Foods plc is an international food, ingredients and retail company. The Company’s segments include grocery, sugar, agriculture, ingredients and retail. Its geographical segments include the United Kingdom, Europe and Africa, the Americas and Asia Pacific. The grocery segment manufactures grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, herbs and spices, and meat products, which are sold to retail, wholesale and foodservice businesses.

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